Managing The Dragon

Shanghai plans to be an international finance center by 2020, and creating a board on the Shanghai Stock Exchange where foreign companies can list their shares is seen as an essential component. Preparations for the board have been taking place over the past two years, and Shanghai’s Deputy Mayor, Tu Guangshao, who is responsible for [...]

As mentioned in China’s Tier 2 and Tier 3 Cities, I visited Yizheng, one of China’s so-called Tier 3 cities, last Monday. After leaving Jiangsu Province, I had an opportunity to visit the equivalent of another Tier 3 city, this time in neighboring Zhejiang. With a population of approximately 400,000, Yuhuan County is about one-half [...]

In an interview with Alex Dumortier of The Motley Fool in 2008, I was asked which industries I thought had good future prospects in China. I mentioned several growth areas, but Alex focused on my third suggestion: “any technology that has anything to do with the environment.” With China having now surpassed the United States [...]

There are many reasons not to buy the newly-issued shares of the Agricultural Bank of China: China’s economy is slowing; the country’s property market remains in bubble territory; China’s stock market, one of the worst performing in 2010, is down 25 percent this year; AgBank’s vast network of 24,000 branches staffed by 440,000 employees is [...]

Note to MTD Readers: The following summary overview of China’s stock markets was prepared for one of the clients of JFP Holdings. I thought that our readers might also have an interest in the background information that was prepared. Background When economic reforms began in China in 1978, the Chinese government first reformed the agricultural [...]

When past U.S. presidents have visited China, discussions with their Chinese counterparts have been largely limited to trade and human rights. This time around, when President Barack Obama comes to Beijing, it will be different. Never has the agenda between China and the United States been so broad. The list of items that President Obama [...]

Sometimes the simplest questions are always the most difficult to answer. For example, I’m always asked how many expats there are in Beijing. It’s a difficult question because the numbers I’ve heard over the years have been all over the map. Several years ago, I was having dinner with a senior member of the Beijing [...]

By Mick Zomnir China’s futures markets began with the trading of commodities futures in 1990 and experienced a quick and steady expansion until the middle of the decade, when loopholes in the regulatory scheme led to problems of fraud and extreme speculation. At that time, a variety of scandals forced the Chinese authorities to clean [...]

As an unprecedented 1,500 foreign and domestic automakers and parts suppliers gather in Shanghai for China’s annual auto expo, China stands out as the only bright spot in an otherwise gloomy global auto industry. China’s auto sales hit a monthly record of 1.11 million vehicles in March, exceeding U.S. sales for the third month in [...]

Premier Wen Jiabao got it right when he told the Financial Times that it is “ridiculous” to criticize China for saving too much. “If the U.S., U.K. and other Westerners were foolish enough to hawk their future by spending earned money, they need look no further than the mirror,” he added. The Financial Times had [...]